Latest Business News Wires - Business Headlines


  • ZURICH, Aug 7- Nestle, the world's biggest food group, announced an 8 billion Swiss franc share buyback and stood by its full-year sales forecast on Thursday, after revenue growth in emerging markets picked up in the second quarter.

  • SHANGHAI, Aug 7- Chinese police are investigating the death from unnatural causes of the deputy commissioner of customs at Qingdao port which is under investigation for alleged commodity financing fraud, state news agency Xinhua said on Thursday. Qingdao police declined to comment, adding that investigations are ongoing.

  • TOKYO, Aug 7- Auto parts maker Takata Corp said it expects a record net loss of 24 billion yen in the year to March 2015, hit by one of the biggest series of recalls in automotive history due to potentially explosive air bag inflators.

  • BERLIN, Aug 7- German industrial output rose just 0.3 percent on the month in June, missing a forecast rise of 1.3 percent, as fears over the crisis in Ukraine weighed, adding to signals that Europe's largest economy may have stalled in the second quarter.

  • ANKARA, Aug 6- Turkey is seeking Israeli and Egyptian agreement for an air corridor to provide humanitarian aid to Gaza and evacuate possibly thousands of injured Palestinians for treatment, Foreign Minister Ahmet Davutoglu said on Wednesday.

  • *Yen slips as Tokyo shares push higher on the GPIF report. SINGAPORE/ SYDNEY, Aug 7- The yen sagged against the dollar on Thursday, coming under pressure on news Japan's Government Pension Investment Fund plans to increase its allocation to domestic equities.

  • SHANGHAI/ BEIJING, Aug 7- China has suspended work at more than 200 factories in an eastern province for safety checks as part of a nationwide review following an explosion at an auto parts plant that killed 75 people, government officials and state media said.

  • Among the targets Adidas abandoned last week was a goal to bring its operating margin to an ambitious 11 percent in 2015, still below the 13 percent recorded by rival Nike in its fiscal year to May 31.

  • *Newmont prefers to resolve Indonesia dispute through talks. MELBOURNE, Aug 7- Newmont Mining Corp said on Thursday it is applying for an injunction to get workers back to its Batu Hijau mine as it fights a controversial tax on copper exports that led the company to halt shipments from Indonesia this year.

  • Adidas sets new margin target after profit warning Thursday, 7 Aug 2014 | 1:52 AM ET

    BERLIN, Aug 7- Adidas, the world's second-biggest sportswear firm, cut its margin targets for 2014 on Thursday, a week after it issued a profit warning, blaming poor performance at its golf business and volatile emerging market currencies.

  • ZURICH, Aug 7- Adecco, the world's largest staffing company, said underlying revenues grew 5 percent in the second quarter as it continued to benefit from a fragile recovery in European economies.

  • Russia still mulling food import ban -agency Thursday, 7 Aug 2014 | 1:39 AM ET

    MOSCOW, Aug 7- Russia's food safety watchdog on Thursday said its spokesman's comments on threatened retaliatory bans of food imports from the United States and European Union reflected his personal views, as a list of targeted items had yet to be approved.

  • TOKYO, Aug 7- The Nikkei share average erased losses and rose into positive territory while the yen dipped against the dollar on Thursday, after sources told Reuters that Japan's Government Pension Investment Fund plans to allocate a larger portion of its assets to domestic stocks.


  • JGBs steady as BOJ begins two-day policy meeting Thursday, 7 Aug 2014 | 1:06 AM ET

    TOKYO, Aug 7- Japanese government bond prices were mostly steady on Thursday as the Bank of Japan began its regular two-day policy meeting, at which the central bank is expected to maintain its massive asset purchases and its optimistic view on the economic outlook.

  • *Army took power in May in bid to end unrest, revive economy. BANGKOK, Aug 7- A university's index of Thai consumer confidence rose for the third month in July, suggesting domestic demand might be improving after the army seized power and pledged to fix an economy battered by prolonged political tensions.

  • *NATO says Russia massed 20,000 combat-ready troops on Ukraine border. SINGAPORE, Aug 7- Brent crude climbed towards $105 a barrel on Thursday, supported by a decline in U.S. oil inventories and an escalation of East-West tension over the conflict in Ukraine.

  • HONG KONG, Aug 7- China shares slid on Thursday as the country's large banks and oil firms extended a retreat from recent highs, while a weaker Macau gambling sector hurt by disappointing revenues weighed on Hong Kong markets. The Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong each slipped 0.5 percent.

  • The senate approved a series of laws this week aimed at attracting companies such as Royal Dutch Shell Plc and Exxon Mobil Corp, and help stem declining crude production in Latin America's No. 2 economy.

  • SHANGHAI, Aug 7- China's yuan firmed against the dollar for the fourth straight day on Thursday, opening and trading stronger than the official guidance rate for the first time since March as bullish sentiment returns to the market. The People's Bank of China set the midpoint rate at 6.1670 per dollar prior to market open, up 0.02 percent from the previous fix.